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The Uniformed Services Former Spouses' Protection Act (or USFSPA) is a U.S. federal law enacted on September 8, 1982 to address issues that arise when a member of the military divorces, and primarily concerns jointly-earned marital property consisting of benefits earned during marriage and while one of the spouses (or both) is a military service member. [3]
Per the Uniformed Services Former Spouses' Protection Act. [4] State courts may but are not required to divide a servicemember's “disposable retired pay” upon dissolution, according to that court's domestic relations laws. Jurisdiction over a service member is a prerequisite for dividing a military retirement.
By comparing your estimated benefit with 50% of your spouse's full retirement benefit, you can get a good idea of how much you can expect to receive. The $ 22,924 Social Security bonus most ...
Also, your spouse can receive either retirement or disability benefits from Social Security. Your age matters, too. You must be at least 62 years old (the earliest age allowable for claiming ...
Mounting costs led Congress to pursue reforms to the military retirement system during the 1980s. Under the National Defense Authorization Act of 1981, the military moved from calculating retirement benefits based on the "final pay," or base pay on the final day of active service, to the "High-3" system. [9]
In that situation, the most you can collect in Social Security is 50% of your spouse's (or former spouse's) benefit at full retirement age. Once you reach full retirement age, it doesn't pay to ...
Your ex-spouse might be able to help you feather your nest in retirement. Even better, there's at least one former-spouse benefit that you won't need to go to court to get access to: payment based ...
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...